Safello Teams Up With Zumo To Set The Standard For Sustainability In Sweden's Crypto Sector

Safello, the leading cryptocurrency exchange in the Nordics, has entered into an agreement with Zumo, a B2B digital assets platform, to facilitate sustainability disclosure requirements under MiCAR.

Through this collaboration, Safello will leverage Zumos expertise in carbon calculations and crypto sustainability impact to ensure accurate and transparent sustainability disclosures. This initiative accommodates the requirements in the European Unions EUs Markets in Crypto-Assets MiCA regulation, which through Article 66 mandates crypto asset service providers CASPs active in the EU to display sustainability disclosures on their websites on the environmental impact of the digital assets in relation to which the CASPs offer services.

In implementing MiCAR, the Swedish Financial Supervisory Authority FSA has stipulated a nine-month transition period during which it will grandfather the CASP registrations that were granted before MiCAR came into force. Therefore, Swedish CASPs must obtain their MiCA license by 30 September 2025 .

Compliance is at the core of our business. Partnering with Zumo is one of the steps we are taking to meet MiCAs sustainability disclosure requirements and ensure we provide accurate data to our customers, says Tara Abdi , Chief Compliance Officer at Safello.

Safello is a market leader in the Nordics so were delighted the team has chosen to partner with Zumo to help meet new regulatory requirements, adds Nick Jones , Founder and CEO, Zumo.